1120 1122 Military Road S, Spanaway, WA 98387
- $180,000
- 1,910
- SqFt
Listing courtesy of Coldwell Banker Bain. Selling Office: Better Properties Real Estate.
- Sold Price
- $180,000
- List Price
- $229,950
- Status
- SOLD
- MLS#
- 688692
- Closing Date
- Mar 12, 2015
- Days on Market
- 161
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 1,910
- Area Total SqFt
- 1910
- Annual Tax Ammount
- 2925
- Lot Size (sq ft)
- 67,082
- Sewer
- Septic Tank
Property Description
Stellar duplex in great area has had extremely long term tenants, so rents are lower than market. One tenant takes care of any needed repairs so rent has been discounted for that. Tenants on one side related to tenants on other side. Sellers will provide American Shield Home Warranty with acceptable offer. Great curb appeal for units, spectacular location overlooking Roberts Lake. Close to Spanaway Lake and Park, golf course. Terrific investment, or a great place to live and generate income.
Additional Information
- List Date
- 2014-10-02 00:00:00
- Community
- Spanaway
- Net Operating Income
- $14,115
- Gross Adjusted Income
- $14,115
- Gross Scheduled Income
- $18,240
- Total Monthly Income
- $1,520
- Insurance Expenses
- $780
- Water/Sewer/Garbage Expenses
- $420
- Gross Rent Multiplier
- 13
- Total Expenses
- $4,125
- Cap Rate
- 6
- Total Number of Units
- 2
- Unit Name
- 1120 1122
- Potential Terms
- Cash Out, Conventional, FHA, Private Financing Available, VA Loan
- Year Built
- 1978
- Waterfront
- Yes
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, RV Parking, Sprinkler System
- School District
- Bethel
- Elementary School
- Spanaway Elem
- Middle School
- Spanaway Jnr High
- High School
- Spanaway Lake High
- Total Monthly Income
- $1,520
- Gross Scheduled Income
- $18,240
- Gross Adjusted Income
- $14,115
- Tax Year
- 2014
- Insurance Expense
- $780
- W/S/G Expenses
- $420
- Total Expenses
- $4,125
- Net Operating Income
- $14,115
- Gross Rent Multiplier
- 13
- Cap Rate
- 6
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